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Use the following information to answer this question A company charges out goods to a...

Accounts - Principles of Accounts
WAEC 1997
Use the following information to answer this question

A company charges out goods to a branch at cost plus 25 percent. It invoiced N12,00 worth of goods

The mark-up is
  • A. N15,000
  • B. N9,000
  • C. N4,000
  • D. N3,000
  • E. N2,000
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Correct Answer: Option D
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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